MarketResearch.biz, in its upcoming report titled, “Global 3D Printing Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global 3D printing market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global 3D printing market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global 3D printing market is segmented on basis of technology, application, industrial vertical, and region. The global 3D printing market was valued at US$ XX.X billion in 2016, and is expected to reach US$ XX.X billion over the forecast period at a CAGR of XX.X%.

3D printing is a manufacturing process that creates a solid three-dimensional model from the digital model by layer-by-layers deposition. These layers are made of ceramic, plastic, metals or polymers. The process follows bottom to top approach to create 3-dimensional solid models.

Increasing spending on research and development, growth in end user segment, and ease of manufacturing are major factors driving growth of the global 3D printing market. Increasing application especially in automotive and healthcare sector is further spurring demand for 3D printing market globally. In addition, product features such as reduction in time-to-market, reduction of raw material wastage, innovation and customization, along with its increasing popularity among hobbyist is expected to drive demand significantly during the forecast period. Adoption of 3D printers by local vendors as well to provide 3D printing, 3D modelling, 3D printing material, and software have created many business opportunities.

High material cost, and lack of skilled workforce to use and manage this technology are primary factors hampering growth of the global 3D printing market. Furthermore, production of large objects, and lack of standard process controls are other factors restricting market growth. Currently, intellectual property and copyright infringement challenges, which should be taken into consideration by key players, are restraining market growth to a certain extent. The current trend observed in the market is increasing use of 3D printing technology to produce automotive prototypes and dental implants.

North America market holds major market share in terms of revenue owing to presence of key market manufacturers, and high demand from healthcare, aerospace and automotive sector in countries in the region. Europe ranks second in terms of revenue generation. Among other regional markets, Asia Pacific market is expected to witness rapid growth in terms of revenue during the forecast period owing to government initiatives for development of 3D printing industry in countries in the region.

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